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Feb 22, 2013
02/13
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the same thing happened with the debt ceiling fight and the fiscal cliff. you cover congress. why does everything get dragged out to the very last second? >> well, i think you just answered your own question. we're dealing with congress, and congress loves to wait for the last minute. we saw that with the debt ceiling debate from a couple years ago. we saw that with the fiscal cliff issue where we actually went over the cliff for several hours before congress came in, you know, late at night and early in the morning and voted on a deal. this is going to go, once again, up to the wire -- down to the wire, and, you know, some people are even suggesting that the sequester will hit before congress actually acts. >> now, this week we heard that the president has his highest approval rating since 2009. it seems the worst congress looks, the better he looks. how could that affect gun control reforms and immigration reform? >> there was an interesting poll that came out in "usa today" just yesterday showing that largely the american public agrees with the positions that the president
the same thing happened with the debt ceiling fight and the fiscal cliff. you cover congress. why does everything get dragged out to the very last second? >> well, i think you just answered your own question. we're dealing with congress, and congress loves to wait for the last minute. we saw that with the debt ceiling debate from a couple years ago. we saw that with the fiscal cliff issue where we actually went over the cliff for several hours before congress came in, you know, late at...
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Feb 20, 2013
02/13
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MSNBCW
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this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say nothing happens. the unemployment rate is stuck around 8%. this is a pretty lousy time for nothing to happen. in fact, if you look at the cbo projections, the projection with the sequester taking effect is for the unemployment rate to be 7.9% the first half of this year, 8% for the second half of this year. so, basically stuck at a place that's really very disadvantageous for so many workers. >> jared, let me interrupt this colloquy here and ask you, jared, we know that there are other looming fiscal fights, the march 27th deadline for the continuing resolution, bu
this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say...
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Feb 24, 2013
02/13
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FOXNEWS
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he beat them on the debt ceiling. i beat them on the fiscal cliff. i can do it again. the polls show the public will be with me. whether it is well founded confidence, we'll find out but that is what is driving some of this. he feels like he can win this. >> paul: you think it may be overconfidence on the part of the president. this is different and how so? >> it absolutely is. republicans no they got beat on the debt ceiling fight and it's a deliberate strategy to make sure it doesn't happen again. they are ready and willing to let it go into effect because think of it. what are we talking at the moment? we're not talking about republicans lack of unity on taxes. we're talking about spending, size of government. talking about additional spending. this is exactly where the republicans want the debate. >> paul: could they split over defense spending where a lot of members don't want the damage that it could do to the pentagon? >> this is where the president is going to hammer the hardest. what is notable here, even the republicans who have some qualms about how this goi
he beat them on the debt ceiling. i beat them on the fiscal cliff. i can do it again. the polls show the public will be with me. whether it is well founded confidence, we'll find out but that is what is driving some of this. he feels like he can win this. >> paul: you think it may be overconfidence on the part of the president. this is different and how so? >> it absolutely is. republicans no they got beat on the debt ceiling fight and it's a deliberate strategy to make sure it...
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Feb 23, 2013
02/13
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FOXNEWSW
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if you remember every time we have come up to whether it's the debt ceiling or first fiscal cliff, at the 11th hour, we had a deal. right now there is a deal in the works. there will be a deal. it will get done. by the way, i predict there will be a deal on entitlements before september. >> did you get that on your iphone prior to the show? >> no, no. i don't ever take talking point from them. but i just tell you, i know politics well enough, i think, to see the two people posturing themselves -- >> the thing is he's hoping the whole country will be under some kind of bizarre hypnosis and think we have money that we don't. >> you speak so negatively -- >> no, no. i do not. >> it's going to be fine.: >> i love this country and i think -- >> we have the ability to try and police ourselves a bit and t stop the wreckless spending and have the courage and fortitude to do so, we wouldn't be in the position we're s in.ou >> it's friday, let's pick it up. look good. >> coming up on "the five," an unbelievable shot. see, this is positive. at a basketball game, and itme wasn't made a by a playe
if you remember every time we have come up to whether it's the debt ceiling or first fiscal cliff, at the 11th hour, we had a deal. right now there is a deal in the works. there will be a deal. it will get done. by the way, i predict there will be a deal on entitlements before september. >> did you get that on your iphone prior to the show? >> no, no. i don't ever take talking point from them. but i just tell you, i know politics well enough, i think, to see the two people posturing...
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Feb 20, 2013
02/13
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it's relentless, the fiscal abyss, the debt ceiling. different words, different deadlines all detonate the same explosion. they threaten to crash the government if they don't like the way it's doing something. if they don't like who the american people have elected as republican. isn't what the republicans did in the old days? if they didn't like a government somewhere, guatemala, iran, chile, they just brought it down. guess what? republicans are now using the same tactic here at home. if they don't like who we have elected as president, they find some way to undermine the president. whatever it takes to destroy it. we are using in this country the same old cold war cia tactics to destabilize our own country. look at the impact this constant threats to shut down the government have been having on public confidence. it's all in the ratings. it's undermining it, making people forever nervous about the basic ability of america to even have a running government. that patriotic? i don't think so. that's "hardball" for now. thanks for being
it's relentless, the fiscal abyss, the debt ceiling. different words, different deadlines all detonate the same explosion. they threaten to crash the government if they don't like the way it's doing something. if they don't like who the american people have elected as republican. isn't what the republicans did in the old days? if they didn't like a government somewhere, guatemala, iran, chile, they just brought it down. guess what? republicans are now using the same tactic here at home. if they...
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Feb 20, 2013
02/13
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CURRENT
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that's why they've losten oh the debt ceiling on the fiscal cliff. the idea here that this is going to, you know, kind of sway the president with the republicans i don't think it's a matter of surveying him. i think it's a matter of him owning it and there's no unified response, it's only a win-win for him. cenk: interesting. patrick, it's a real interesting question as to what the progressives should want more. he made the point they are split at this point. a remove people call themselves progressives, but they're thought, they're just democrats. i want to show you some of the numbers on the chained c.p.i. and ask you where people should stand on this. social security cuts with the chained c.n.i. over oh 10 years is $112 billion in cuts. that's significant. over oh 12 years it costs you $1,272. that's going to hurt some folks. over 30 years you wind up losing $28,000 from your social security. now that's a long time, 30 years but obviously people are not happy about that on the progressive side. that's in the bowls simpson plan. the president cuts
that's why they've losten oh the debt ceiling on the fiscal cliff. the idea here that this is going to, you know, kind of sway the president with the republicans i don't think it's a matter of surveying him. i think it's a matter of him owning it and there's no unified response, it's only a win-win for him. cenk: interesting. patrick, it's a real interesting question as to what the progressives should want more. he made the point they are split at this point. a remove people call themselves...
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Feb 17, 2013
02/13
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WUSA
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seen it over the debt ceiling. i've seen it over the fiscal cliff that is just unnecessary. there needs to be a lel of pragmatism back to our politics. i give a lot of credit to the president. he's not just saying let's raise taxes. he said the obvious, we in america cannot continue to spend more than we take in. it's something i don't have the luxury of as mayor doing. what i see the president doing is putting tremendous cuts on the table, trillions of dollars of cuts. you just heard the chief of staff say they're willing to put $4 trillion in cuts but it has to be in a balanced way. the challenge i see right now, if this happens, the sequester happens, the cuts will be blunt, brutal and mind as opposed to being intelligent and insightful. and it will not invest. it will stop us from investing in those critical areas in america we must invest on if we want long-term economic growth. >> schieffer: mr. mayor, let me ask you one thing, frank lautenber, the long-term senator from new jersey said he will not seek reelection. you said you were thinking about it. i think you put t
seen it over the debt ceiling. i've seen it over the fiscal cliff that is just unnecessary. there needs to be a lel of pragmatism back to our politics. i give a lot of credit to the president. he's not just saying let's raise taxes. he said the obvious, we in america cannot continue to spend more than we take in. it's something i don't have the luxury of as mayor doing. what i see the president doing is putting tremendous cuts on the table, trillions of dollars of cuts. you just heard the chief...
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Feb 23, 2013
02/13
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>> and figured i beat them on the debt ceiling debate in 2011 and beat them on the fiscal cliff, i can do it again. the polls show that the public will be with me. whether that's well-founded, we'll find out, but i think that's what's driving some of this. he feels as if he can win this. >> you think it may be overconfidence on the part of the president, and this is different than the other two fights that jason mentioned, how so? >> it absolutely is. republicans know that they got beat on the debt ceiling and the fact that they're embracing the strategy. it's a deliberate strategy. they're ready and willing to let this go into effect and think of it. step back and what are we talking about at the moment. what we're the not talking about is republicans lack of unity on taxes, we're talking about spending, we're talking about the size of government. we're talking about the president's addiction to spending, we're talking about priorities, this is exactly where the republicans want this to be. >> but could they split over defense spending, kim, where a lot of their members don't want the
>> and figured i beat them on the debt ceiling debate in 2011 and beat them on the fiscal cliff, i can do it again. the polls show that the public will be with me. whether that's well-founded, we'll find out, but i think that's what's driving some of this. he feels as if he can win this. >> you think it may be overconfidence on the part of the president, and this is different than the other two fights that jason mentioned, how so? >> it absolutely is. republicans know that...
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Feb 24, 2013
02/13
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CSPAN2
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but every american was the first to deal with fiscal cliff, the debt ceiling, standoff, a government shutdown, lincoln in the 30th congress were the first with the major appropriations bill and it is a clean bill that whigs saw tries to increase the payment for those offices they think a will hold. [laughter] nothing to controversial. but walker from wisconsin and attaches a rider prohibiting, excuse me allowing president polk to establish the new territory that we have gotten from the mexican-american war to organize a in a way he sees fit. president pulled thinks we should extend the line to the pacific ocean. so right now in arizona would be slave territory. with the intermountain west and california and if we will allow slavery. lincoln every single time votes against the bill and is willing to shut down the government. the house goes back and forth the house tries to change it up to leave it ambiguous but either way willis led government will shut down. when lincoln polls of special session was no sooner than july 4th but in march space be sworn in for a year-and-a-half nobody w
but every american was the first to deal with fiscal cliff, the debt ceiling, standoff, a government shutdown, lincoln in the 30th congress were the first with the major appropriations bill and it is a clean bill that whigs saw tries to increase the payment for those offices they think a will hold. [laughter] nothing to controversial. but walker from wisconsin and attaches a rider prohibiting, excuse me allowing president polk to establish the new territory that we have gotten from the...
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Feb 22, 2013
02/13
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CSPAN
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sequestration and debt ceilings and fiscal cliff, it is obvious we have a weak leader. what is next? we've got four more years. host: thank you for the call. military cutbacks are the focus of this story -- mike is joining us from utica, n.y., on the republican line. caller: they are all cowards and washington. this sequester is never going to happen. the country needs tough medicine. the cowards are led by the cowered in chief, who is dying in side -- inside. he is like a wife spending out there -- they have wives up there instead of men. this is like mediscare. what happened when our bond rating went down? the same thing -- a goal they stop spending, nothing will happen, except they will save the country. -- if they stop spending, nothing will happen, except they will save the country. when they kick the can, they should be ashamed of themselves. it is a shame that they cannot stop the spending. the republicans have obama on the hook. he is the one -- he is dying inside because he is a spender. for him, this is the worst week of his life. they do not even see it. it i
sequestration and debt ceilings and fiscal cliff, it is obvious we have a weak leader. what is next? we've got four more years. host: thank you for the call. military cutbacks are the focus of this story -- mike is joining us from utica, n.y., on the republican line. caller: they are all cowards and washington. this sequester is never going to happen. the country needs tough medicine. the cowards are led by the cowered in chief, who is dying in side -- inside. he is like a wife spending out...
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Feb 24, 2013
02/13
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CNN
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okay, so, anna, first we had the debt ceiling. then we had the fiscal cliff, now we have this sequestration, which is really forced budget cuts. doesn't matter what you call it. it's the third time that the sky is falling. when are people going to stop believing that the sky is falling or top the sky from falling and vote in new people? >> i think the american people have stopped believing the sky is falling already. i see a lot less anxiety and sense a lot less anxiety about this than we had during the fiscal cliff. look, don, this has become like a bad halloween movie. jason never dies. he comes back and comes back and comes back and every time the movie is worse. it really has shown tremendous lack of responsibility. you know, the president came up with this idea, he doesn't want to take ownership, the republicans, the congress passed it. they don't want to take ownership and now it is everybody's problem. but we cannot be having on the -- you know, being on the verge of a nervous break down -- >> every couple months. >> -- eve
okay, so, anna, first we had the debt ceiling. then we had the fiscal cliff, now we have this sequestration, which is really forced budget cuts. doesn't matter what you call it. it's the third time that the sky is falling. when are people going to stop believing that the sky is falling or top the sky from falling and vote in new people? >> i think the american people have stopped believing the sky is falling already. i see a lot less anxiety and sense a lot less anxiety about this than we...
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Feb 18, 2013
02/13
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WBFF
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. -3& 3 remember all thh alk about the debt ceiling ann the fiscal cliff?now there's a new phrrse coming ut of wwshiigton: "sequustration." && nd in less than two weekks that ord ould impact your life. 3 emmly schmidt joins us live - mooe. 3 1) what are the chances congrrss willlreach a deal the 3 chances congress will reach a deal to avvod sequestration?? 332) how id we get to the idea of ssquestration in the first plaae? 3 coming up... try it before you buy it.where you can go for a -3 free demo offthe hottest new -3&pexercise trend... ii our craze is sweepinn the nation. nation.original arlee shake nats nats 3 we show you what happees when some universiiy offmaryland watching fox 45 morning news.. - all locall. ll morning. 3& (((pat))move ooer gangnam style..there's new ppenomenonncandace is here 3 shake and it's popularity ago, few peoole had ever heard & of the "harlem shake,"...herr's what it'' alll about 3 harlem shake nats nats 3 the harlem shake was released last ay. the track has gone virall with aboot 10 million views.this weekend.. it climbed al
. -3& 3 remember all thh alk about the debt ceiling ann the fiscal cliff?now there's a new phrrse coming ut of wwshiigton: "sequustration." && nd in less than two weekks that ord ould impact your life. 3 emmly schmidt joins us live - mooe. 3 1) what are the chances congrrss willlreach a deal the 3 chances congress will reach a deal to avvod sequestration?? 332) how id we get to the idea of ssquestration in the first plaae? 3 coming up... try it before you buy it.where you...
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Feb 23, 2013
02/13
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government shutdown in april 2011, the debt ceiling showdown that summer, the fiscal cliff on new year's eve, and this -- i think -- and there will be another fight over government spending by the end of march. we have been seeing this for two years and maybe george will is right. most people saying, gosh, they are sorting it out and we'll ride it out. >> people need to understand that it is going to hit them in a really palpable way, i am looking at other departments. a nationwide shutdown of meat and poultry plants. furloughs, inspection personnel. will be pay higher prices? less beef and chicken? will it be safe? part of that is what the sequester is. you look at the latest pew poll, the public wide until favor of the president's approach on the sequester. on the other side, republicans, some tea partiers feel beholden to local constituents to not raise taxes another dime. does neither party have the incentive to resolve this quite quickly? >> that's a tough one, alex. the president and white house are counting on fact that they do have public support behind them. they say they don't
government shutdown in april 2011, the debt ceiling showdown that summer, the fiscal cliff on new year's eve, and this -- i think -- and there will be another fight over government spending by the end of march. we have been seeing this for two years and maybe george will is right. most people saying, gosh, they are sorting it out and we'll ride it out. >> people need to understand that it is going to hit them in a really palpable way, i am looking at other departments. a nationwide...
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Feb 20, 2013
02/13
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cliff, debt ceiling and now sequester, they don't have to get anything done, even when they put the guillotine over their own necks to get something done, they still won't get anything done. is that why glenn beck doesn't like chris christie anymore? >> jonathan, krystal and nia-malicka, thank you. coming up the vice president loads both barrels. >>> first off, the chinese have hacked my blackberry. i can't open up any of my e-mails. they're sitting here being held hostage. i click on them and they don't open. oh, yeah, i could have put the back on first. [ male announcer ] when ziggy the cat appeared at their door, he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. ♪ they hatin' ♪ patrolling they tryin' to catch me ridin' dirty ♪ ♪ tryin' to catch me
cliff, debt ceiling and now sequester, they don't have to get anything done, even when they put the guillotine over their own necks to get something done, they still won't get anything done. is that why glenn beck doesn't like chris christie anymore? >> jonathan, krystal and nia-malicka, thank you. coming up the vice president loads both barrels. >>> first off, the chinese have hacked my blackberry. i can't open up any of my e-mails. they're sitting here being held hostage. i...
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Feb 23, 2013
02/13
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debt ceiling expire and everyone thought the super committee would get it worked out and the president handled that in the third debate he picked it and doesn't get it done. >> governor, it failed in november of 2011 and what did everybody do between 2011 and now, nothing. the president played golf and congress went on recess, everyone took, everyone took this time. pay the piper on this. they went to work and nothing to stop them after the super committee failed to actually get down to work and instead they did. and we're sad they campaigned to get their jobs back. >> you're exactly right. look, it takes leadership and it starts at the top. the president is the commander-in-chief and his own secretary of defense says the cuts will be devastating. the united states military and national security and now the president is running around doing press conferences when he should be in a room with congress trying to figure it out. here is the problem, greta. we need to cut. the sequester is only 1.2 billion dollars, that's not even one year of the deficit so it's a drop in the bucket and we'v
debt ceiling expire and everyone thought the super committee would get it worked out and the president handled that in the third debate he picked it and doesn't get it done. >> governor, it failed in november of 2011 and what did everybody do between 2011 and now, nothing. the president played golf and congress went on recess, everyone took, everyone took this time. pay the piper on this. they went to work and nothing to stop them after the super committee failed to actually get down to...
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Feb 16, 2013
02/13
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MSNBC
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cliff deal and the previous debt ceiling fights. on the sequester you're not going to see real negative consequences or a lot of americans potentially losing jobs up until early april at the earliest. that's why you're not seeing a lot of movement on this now. >> lynn, this is how one person is spending his congressional recess, senator marco rubio just announced he is going to join israel ahead of secretary of state john kerry, ahead of the president himself. how should we read this? >> first of all it's telling he didn't say he's also going to the west bank, perhaps he is. most often these trips do include that, that he didn't want to mention if indeed what you showed was the release, that's an interesting angle to follow up on. this is what lawmakers do to season themselves, to become experts. is he not seen as necessarily an expert on international affairs right now and this is one of the areas that you go and by the way, if you wonder why a florida senator would be going to israel, it's because it's a major voting body within t
cliff deal and the previous debt ceiling fights. on the sequester you're not going to see real negative consequences or a lot of americans potentially losing jobs up until early april at the earliest. that's why you're not seeing a lot of movement on this now. >> lynn, this is how one person is spending his congressional recess, senator marco rubio just announced he is going to join israel ahead of secretary of state john kerry, ahead of the president himself. how should we read this?...
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Feb 20, 2013
02/13
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CSPAN
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another thing that is talked about is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next deadline to look at. host: poco -- "the new york times" has this story -- "dire forecast on effective budget cuts." here is bloomberg businessweek looking at a reboot for the simpson-bowles plan. are we hearing anything new from them and what has the reaction been? guest: what is interesting is we have not had a ton of reaction from both sides. here is generally what their plan looks like -- 2.4 trillion dollars over the course of 10 years. that is scaled back. their other big deficit commission was around $4 trillion. one quarter of that would come from medicare
another thing that is talked about is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that...
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Feb 23, 2013
02/13
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MSNBC
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cliff, the debt ceiling and the sequester, the misinformation campaign has worked. a bloomberg poll on the size of america's budget deficit shows 62% of americans think the deficit is getting bigger. 28% of americans think that it's staying the same. and get this number, only 6% agree with the truth. my friends, the deficit is shrinking. the congressional budget office says the deficit is down to $845 billion. it is projected to be $600 billion less than when the president took office. americans need to break out of this misinformation loop, don't you think? if they want to listen to a republican, maybe they should try listening to outgoing transportation secretary ray lahood. he spoke about the sequester consequences today, including the loss of 100 air traffic controllers. >> this requires compromise. this requires republicans stepping forward with some ideas about how to keep essential services of government running at the level that people have been accustomed to. this is not rocket science. >> well, it's not rocket science. but, folks, it is just as serious. ge
cliff, the debt ceiling and the sequester, the misinformation campaign has worked. a bloomberg poll on the size of america's budget deficit shows 62% of americans think the deficit is getting bigger. 28% of americans think that it's staying the same. and get this number, only 6% agree with the truth. my friends, the deficit is shrinking. the congressional budget office says the deficit is down to $845 billion. it is projected to be $600 billion less than when the president took office....
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Feb 22, 2013
02/13
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MSNBC
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having put off the debt ceiling, the republicans really feel like this is something they have to stand their ground on. >> chris, karl rove superpac has an ad out of bom's mess. let me play it and get your reaction to this. >> a bad idea. are you willing to see a bunch of first responders lose their job. teachers laid off. air traffic controllers and airport security. this is hardship on a lot of people. scene zone yours. middle class families. scramble to find -- >> is this ad effective? you can take out the cut-out of the president and put in speaker boehner. he said he would like not to have the sequester come down. >> after that ad, i know why the group was so effective in the last election. >> that was an easy one. it's pretty janky but they're trying to say it's obama's mess and does it instead put the spotlight on the divide within the republican party? those things the president is saying is exactly what speaker boehner has said. >> i think the problem is if you're trying to shift blame to the president right now given the president's level of popularity, the message of the whi
having put off the debt ceiling, the republicans really feel like this is something they have to stand their ground on. >> chris, karl rove superpac has an ad out of bom's mess. let me play it and get your reaction to this. >> a bad idea. are you willing to see a bunch of first responders lose their job. teachers laid off. air traffic controllers and airport security. this is hardship on a lot of people. scene zone yours. middle class families. scramble to find -- >> is this...
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Feb 20, 2013
02/13
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CURRENT
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how do we avoid going over the fiscal cliff with the debt ceiling last summer. and they were log jammed. and they said we need something to really make this happen. and at a meeting at the white house somebody said years ago they had a thing called the sequester, where these horrible horrible, horrible cuts were put in there that would happen if congress didn't act. and everybody said okay. let's do that again. then it came up to the congress and the republicans in congress 174 of them voted for this. john boehner paul ryan eric cantor all voted for it. and when it was over john boehner said i love this. i got 98% of what i want. these cuts which are so bad that everybody thought never, never, never would congress go along with it. you know why the republicans want to go along with it? because they don't give a damn. they don't care if the government is whacked across the board. first responders and air traffic controllers and pell grants and all of that other stuff cut. they don't care. so my question to you is, do you think this see quester is going to happen?
how do we avoid going over the fiscal cliff with the debt ceiling last summer. and they were log jammed. and they said we need something to really make this happen. and at a meeting at the white house somebody said years ago they had a thing called the sequester, where these horrible horrible, horrible cuts were put in there that would happen if congress didn't act. and everybody said okay. let's do that again. then it came up to the congress and the republicans in congress 174 of them voted...
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Feb 18, 2013
02/13
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CSPAN2
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if we don't resolve some of the debt ceiling and some of spending cuts and get into some of the fiscal order that you were talking about, we are going to have that wait on us. and even though you proposed a lot of hope with japan in terms of some of the political leadership, they are still at negative growth was 7%. so now you're up to 50% or so of world gdp that is a drag on the economy. how do you look at the broadest sense of contagion as it relates to emerging market growth, developing country growth with 50% of world gdp possibly in a situation? >> i think the trade figures tell it all. whether you agree with the figure on growth or not. i think the trade figures show what's happening. and there's no doubt picking one of the countries you mentioned, china. i mean, china for the last 20 years has been double-digit growth. last year they had one of the worst years in recent memory. we'll see the final figures coming out. it didn't get below 7%. but when you move from double-digit down to seven something percent, and one of the major drivers of that was their largest export market is
if we don't resolve some of the debt ceiling and some of spending cuts and get into some of the fiscal order that you were talking about, we are going to have that wait on us. and even though you proposed a lot of hope with japan in terms of some of the political leadership, they are still at negative growth was 7%. so now you're up to 50% or so of world gdp that is a drag on the economy. how do you look at the broadest sense of contagion as it relates to emerging market growth, developing...
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Feb 20, 2013
02/13
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CNBC
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ceiling and other continuing resolution and other aspects of the federal fiscal situation which are very concerning and we think pose not only near-term threats to the travel business, but longer term threats to the economy if our political leaders can't get to an agreement. >> it shouldn't be this way. you are picking up in your industry from the brutality of the 2007-2008 downturn. you don't have supply for hotel rooms coming onstream. you should have really good pricing power at the moment. i see that in your negotiations for corporate customers, you expect to increase your room rates by high single digits. are you happy with that or had you hoped for more? >> no, i think -- the frustrating thing about this political situation in washington is business is really good and there are so many aspects of our economy which are not only good for our business, but show broad recovery. so our comp sales growth were up 8% in the month of january and we feel really good about the way that the year has started, which makes this doubly frustrating. the sequestration is a sign of the failure o
ceiling and other continuing resolution and other aspects of the federal fiscal situation which are very concerning and we think pose not only near-term threats to the travel business, but longer term threats to the economy if our political leaders can't get to an agreement. >> it shouldn't be this way. you are picking up in your industry from the brutality of the 2007-2008 downturn. you don't have supply for hotel rooms coming onstream. you should have really good pricing power at the...
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Feb 20, 2013
02/13
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i mean, even when we were dealing with the debt ceiling and the fiscal cliff, there was a lot more activity coming out of this white house. >> there is a great deal of activity in this white house regarding the sequester, and there will continue to be. you saw the president yesterday urged congress to take the necessary actions to avoid these across the board in the scrimmaged -- in discriminatory cut that would do harm to our national security and cost jobs. these are men and women patrolling our borders. teachers, first responders. these are real people whose futures hang in the balance depending on a decision that republicans in congress will or will not make. secondly, besides the cbo, they estimate that the sequester, if it takes place in 2013, it will reduce growth 5.6% during 2013. we have already seen impacts from the sequestered. analysts made it clear back in january. it was in large part because the defense sector had anticipation of the sequestered driving down defense spending. we will see only more of that happen if a sequester kicks in. the cbo number on gdp growth is mirrore
i mean, even when we were dealing with the debt ceiling and the fiscal cliff, there was a lot more activity coming out of this white house. >> there is a great deal of activity in this white house regarding the sequester, and there will continue to be. you saw the president yesterday urged congress to take the necessary actions to avoid these across the board in the scrimmaged -- in discriminatory cut that would do harm to our national security and cost jobs. these are men and women...
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Feb 20, 2013
02/13
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another thing that is talked about is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next deadline to look at. host: poco -- "the new york times" has this story -- "dire forecast on effective budget cuts." here is bloomberg businessweek looking at a reboot for the simpson-bowles plan. are we hearing anything new from them and what has the reaction been? guest: what is interesting is we have not had a ton of reaction from both sides. here is generally what their plan looks like -- 2.4 trillion dollars over the course of 10 years. that is scaled back. their other big deficit commission was around $4 trillion. one quarter of that would come from medicare
another thing that is talked about is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that...
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Feb 24, 2013
02/13
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FOXNEWSW
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so well, chris and we've had these conversations, as you mentioned, the fiscal cliff and debt ceiling debate and last minute flurry of activity and senators making triumphant returns for the holidays to be there in washington to get it done. do you see a difference this time there in d.c.? >> yeah, i think there's quite a sizable difference and that's because of the fact that with the debt ceiling, if you reach that point, we would have gone into either a technical or a practical default, jeopardizing the faith and credit of the american financial system. with a fiscal cliff, everybody's taxes would have gone up. the dramatic thing about the sequester is how undramatic it is. on march 2nd, nobody's going to notice a difference. the government doesn't shut down, none of the cuts are going into effect and it's really less a cliff and more a kind of a gentle slope because of the fact it takes a while for the cuts to kick in. in fact, the furloughs and layoffs that people are talking about, they have to give 60 days notice and that won't happen until the end of april, again, all the more
so well, chris and we've had these conversations, as you mentioned, the fiscal cliff and debt ceiling debate and last minute flurry of activity and senators making triumphant returns for the holidays to be there in washington to get it done. do you see a difference this time there in d.c.? >> yeah, i think there's quite a sizable difference and that's because of the fact that with the debt ceiling, if you reach that point, we would have gone into either a technical or a practical default,...
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Feb 18, 2013
02/13
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MSNBC
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it was in the end game on the fiscal -- on the debt ceiling negotiations in 2011. literally july 27th, 2:30 in the afternoon, jack lew, who's in the white house chief of staff, rob neighbors, the head of congressional relations for president obama, went to see harry reid and proposed sequester. of course, everyone signed up to it, but it was designed to not happen. the cuts were perceived to be so draconian in domestic policy and in defense issues that no one would ever let this happen. it was the super committee, as you may remember, that was supposed to come up with more rational budget cuts. they failed. so we're stuck with -- it's kind of like being on a cruise ship with no power. >> where you have the captain and crew fighting each other and going around in circles. i don't get this, bob. you write this book about how the president and congress talk past each other. we have an election. we hear they might start talking together in a more positive sense. yet, here we have a situation that the defense industry hates, that advocates for the poor hate, that econom
it was in the end game on the fiscal -- on the debt ceiling negotiations in 2011. literally july 27th, 2:30 in the afternoon, jack lew, who's in the white house chief of staff, rob neighbors, the head of congressional relations for president obama, went to see harry reid and proposed sequester. of course, everyone signed up to it, but it was designed to not happen. the cuts were perceived to be so draconian in domestic policy and in defense issues that no one would ever let this happen. it was...
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Feb 20, 2013
02/13
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MSNBC
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and remember, we also have the issue of funding the government and the debt ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just figuring out ways to come up with a new deal? this was supposed to be the deal. this was supposed to be the thing that forced action. >> right. >> what was the point of it if we're not going to enforce it? >> that's a very good question. what was the point of it? the point of it was that people had crawled out on a limb, and they needed to come off it somehow. the very people who crawled out on that limb are now saying, how did we ever get here? you made me do it. it is ridiculous. and unfortunately, you know, what's that hillary clinton line that she used to use? the definition of madness is doing the same th
and remember, we also have the issue of funding the government and the debt ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just...
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Feb 17, 2013
02/13
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CSPAN
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that is why republicans caved on the debt ceiling. that is why they will cave on some of these other fiscal things going forward. it is up to the voters to make this happen. the politicians just react to the pressures. host: steve mcmahon, a co- founder of purple strategies, and also a media strategist for democratic campaigns. thank you so much for joining us. david winston, a brief thought? guest: if look at what newt gingrich did and bill clinton did, balancing the budget, getting unemployment under four%, bill clinton and newt gingrich laid out that pattern. i wish president obama would engage the house republicans the way bill clinton did. host: david winston, a republican strategist, you can hear his election analysis on cbs news. coming up next, we will look at the executive order the president signed last week with larry clinton of the internet security alliance. then our next guest will be an expert on nuclear weapons, who will talk about which nations have nuclear capabilities. all of that after this break. ♪ >> we have a
that is why republicans caved on the debt ceiling. that is why they will cave on some of these other fiscal things going forward. it is up to the voters to make this happen. the politicians just react to the pressures. host: steve mcmahon, a co- founder of purple strategies, and also a media strategist for democratic campaigns. thank you so much for joining us. david winston, a brief thought? guest: if look at what newt gingrich did and bill clinton did, balancing the budget, getting...
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Feb 20, 2013
02/13
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KGO
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we had the fiscal cliff, now we have this, we have the debt ceiling deadline in may. there's no dramatic substantive action. it's just one little baby step or kick it down the road and here we are again. and they're playing with people's jobs, money, taxes, livelihoods. our government just seems so dysfunctional and broken and gridlocked. >> and then things like this happen and we go until the 11th hour and oh, a solution but it's not really a solution because we've only done half of the work we should have done. in three months we'll talk about it again and we go through this all over again. just talking about we want to blame both sides and we want to say everybody is responsible. but president obama was up there with the first responders, and some people are questioning whether or not that was a manufactured setup and a scenario where he was like, i'm with these guys, you're the ones that are not able to let this happen and you're going to affect them. but was that necessary is the question? >> all politicians like their backdrops and to put a human face on the iss
we had the fiscal cliff, now we have this, we have the debt ceiling deadline in may. there's no dramatic substantive action. it's just one little baby step or kick it down the road and here we are again. and they're playing with people's jobs, money, taxes, livelihoods. our government just seems so dysfunctional and broken and gridlocked. >> and then things like this happen and we go until the 11th hour and oh, a solution but it's not really a solution because we've only done half of the...
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Feb 23, 2013
02/13
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MSNBCW
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. >> now, when it came to negotiations on the debt ceiling deal those came down to the wire. we saw the same thing with the fiscal cliff that didn't get resolved until after the deadline had passed and the sequester was supposed to take effect in january, but it got pushed to march. i have to ask you as a member of congress, why does congress put everything to the last minute, right down to the wire. is there a procedural reason for that? a tactical reason? >> it's like poker. you wait until you get the last card in order to find out whether you think you can win or not and then you normally assess what happens if you lose. but when you have a handful of people that can't lose and they want to win and if they stop government they've won and they don't feel the pain like it's their mom or their kids that are losing. they believe that their conservatism is enough to be a patriot to bring their own party down, but to bring the country down with it. and so i heard you say that we'll do this over and over again until people are numb, but even with russian roulette, there is a live
. >> now, when it came to negotiations on the debt ceiling deal those came down to the wire. we saw the same thing with the fiscal cliff that didn't get resolved until after the deadline had passed and the sequester was supposed to take effect in january, but it got pushed to march. i have to ask you as a member of congress, why does congress put everything to the last minute, right down to the wire. is there a procedural reason for that? a tactical reason? >> it's like poker. you...